Ranked: The 10 Wealthiest Countries in the World

The 10 Wealthiest Countries

According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year.

Incredibly, the vast majority of this wealth – about 73.5% – is held by just 10 countries:

Rank

Country

Wealth ($ Trillions)

Change (2007-2017, %)

#1

United States

$62.6

20%

#2

China

$24.8

198%

#3

Japan

$19.5

22%

#4

United Kingdom

$9.9

-2%

#5

Germany

$9.7

0%

#6

India

$8.2

160%

#7

France

$6.6

-11%

#8

Canada

$6.4

25%

#9

Australia

$6.1

83%

#10

Italy

$4.3

-19%

Over the last decade, China and India have more than doubled their wealth. Meanwhile, developed economies like the United States and Japan have increased wealth at modest rates – and some, like Italy and France, even lost modest amounts of private wealth over that duration of time.

Finally, it should be noted that the United Kingdom’s decrease above is mainly due to the depreciation of the GBP, which dropped in dollar terms from roughly $2.00 to $1.35 over the decade in question.

Future Projections

How is global wealth expected to shift in the future?

According to New World Wealth, the same 10 countries will dominate the landscape – but the order will change considerably over the next decade:

Proj. Rank

Country

Proj. Wealth ($ Trillions, 2027)

Change (2017-2027, %)

#1

United States

$75.1

20%

#2

China

$69.4

180%

#3

Japan

$25.4

30%

#4

India

$24.7

200%

#5

United Kingdom

$10.9

10%

#6

Germany

$10.6

10%

#7

Australia

$10.4

70%

#8

Canada

$8.3

30%

#9

France

$7.3

10%

#10

Italy

$4.7

10%

While the ranking order of the top three wealthiest countries will remain the same, India is expected to shoot up 200% to claim the #4 position with $24.7 trillion in private wealth.

Meanwhile, France and Australia are two other significant movers – and they are going opposite directions.

France will continue its descent down the ranking to 9th place with just 10% growth in a decade, and Australia will increase wealth at a rate that is very impressive for a developed economy. By 2027, it’s expected to be the world’s seventh richest country in terms of private wealth, with a total of $10.4 trillion. That will rival powerhouses like Germany and the United Kingdom, each with private wealth near the $11 trillion mark.

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Author

Jeff is the Editor-in-Chief of Visual Capitalist, a media site that creates and curates visuals on business and investing. He has been quoted or featured on Business Insider, Forbes, CNBC, MarketWatch, The Huffington Post, The World Economic Forum, and Fast Company.